Newest Beginnings Med Spa, with locations in Jersey City and Old Bridge, New Jersey, and soon to open in Lake Worth, Florida, offers a range of approved services eligible for FSA or HSA programs, including weight loss services. From rejuvenating facials and advanced skin treatments to holistic health services, our spa provides comprehensive care tailored to your needs. With convenient receipt and billing options, you can maximize your pre-tax dollars for these services. Join us in our tranquil environment to experience the benefits of our offerings. Whether you’re in Jersey City, Old Bridge, or awaiting our arrival in Lake Worth, we’re here to be your trusted destination for health, wellness, and weight loss support.
WHAT IS A FLEXIBLE SPENDING ACCOUNT – FSA?
At Newest Beginnings Med Spa, a Flexible Spending Account (FSA) presents a convenient option for covering various out-of-pocket healthcare expenses while enjoying tax advantages. By contributing to your FSA, you can allocate the funds towards qualified medical costs, free from taxation, potentially leading to savings.
We gladly accept FSA Credit Cards for eligible services at Newest Beginnings Med Spa (excluding gratuities). Detailed receipts containing billing codes for insurance purposes are provided, ensuring you possess the necessary documentation for FSA claims. Simply notify us during your visit if you plan to utilize your FSA Card, and we’ll assist you in obtaining the required receipts with CPT Codes for your records. Please note that FSA funds cannot be applied to gratuities. If you have specific questions regarding the utilization of your FSA, we recommend consulting your employer or FSA administrator for guidance on the claims process and eligible expenses.
WHAT IS A HEALTH SAVINGS ACCOUNT – HSA?
At Newest Beginnings Med Spa, a Health Savings Account (HSA) serves as a valuable tool for individuals enrolled in a High Deductible Health Plan (HDHP). To qualify, the HDHP typically requires a minimum deductible of $1,600 for individuals or $3,200 for families. When exploring health plans in the Marketplace, it’s important to determine if they are “HSA-eligible.”
In 2024, contribution limits for HSAs are set at up to $4,150 for self-only HDHP coverage and up to $8,300 for family HDHP coverage. Contributions to an HSA can carry over from year to year, and the account may accrue interest, which is not subject to taxation.
If you possess an HSA, you can utilize your HSA Card at Newest Beginnings Med Spa for eligible services. We will furnish you with detailed receipts, including CPT Codes for your records. It’s crucial to remember that HSA funds cannot be used for gratuities; they are reserved solely for qualified healthcare services.
If your health insurance provider offers HSAs or if you have the option to open one through a bank or financial institution, consider leveraging this account to cover healthcare expenses while potentially benefiting from tax advantages.
These codes can be used for billing and insurance purposes, providing a clear understanding of the services offered at Newest Beginnings Med Spa.
You can use FSA or HSA cards for any and all services offered at Newest Beginnings Med Spa.
Call us to schedule your appointment today!